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This is a clip of Senator Hawley holding a hearing on insurance company fraud. It includes All-State and State Farm. At 36 minutes he is questioning the State Farm executive.

(The Center Square) - State Farm, California’s largest property insurer, is seeking the remainder of its originally requested 30% rate hike after getting emergency, temporary approval for a 17% rate hike earlier this month due to cost pressures from the state's wildfires. “While we are pleased that Commissioner Lara approved the interim rate of 17 percent for State Farm General Insurance Company, this change only addressed part of the original request of 30 percent filed in June 2024,” State Farm told Newsweek. “The overall request of 30 percent would not be on top of the 17-percent interim rate change. State...

State Farm is evidently not satisfied with an emergency 17% rate hike for homeowners in California, and intends to ask for 11% more, adding up to a total of nearly 30% — despite failing its obligations to consumers. As Breitbart News reported earlier this month, California Insurance Commissioner Ricardo Lara granted State Farm’s requested rate hike, despite protests from residents affected by the recent California wildfires. Victims of both the Eaton and Palisades Fires have complained that State Farm engages in “lowballing” estimates of compensation for damages — a practice that, Sen Josh Hawley (R-MO) reported last week, the company...

State Farm, California’s largest property insurer, is demanding a 22% emergency rate hike after the Southern California fires, saying that over the last years it has paid out $1.26 in claims for every dollar in premiums it has collected. Since the passage of Prop. 103 in 1988, state regulators have had to approve any rate hikes, which has led to rates not keeping up with rising claims and risks. State Farm says that as a result, it has lost $5 billion over the last nine years in California, and that it had no option but to stop underwriting new policies...

State Farm General, the largest home insurer in California, sent a desperate letter to the state government requesting it immediately approve emergency price hikes to its insurance policies in the wake of the destructive Los Angeles fires. On Monday, the company sent a four-page letter to the California Department of Insurance pleading with regulators to allow an average rate increase of 22 percent for homeowners. State Farm, a California-based subsidiary of the much larger State Farm Mutual Automobile Insurance Company, also wants to be able to slap condo owners and renters with a 15 percent increase. Those who rent out...

State Farm will offer insurance renewals to Los Angeles residents it had planned to drop. In a major U-turn, the company said it would renew policies in the badly-hit Pacific Palisades neighborhood, alongside thousands more in Los Angeles county. However, the offer does not apply to policies that had already lapsed when the deadly fires started on January 7. In fact, California insurance commissioner Ricardo Lara urged coverage providers last week to suspend pending non renewals in the Palisades and Eaton fire zones. State Farm made the U-turn on Wednesday, a move first reported by The LA Times. Lara's office...

State Farm has pulled its commercial from next month's Super Bowl broadcast after receiving fierce criticism following the outbreak of the Los Angeles wildfires. The major American insurance company has sparked fury amongst California homeowners this month amid the fires, which have destroyed thousands of homes and killed an estimated 25 people. Just months before the devastating inferno broke out, State Farm made the controversial decision to revoke fire coverage for tens of thousands of residents in the state, leaving many in a state of crisis after their properties were turned to rubble. A number of Hollywood stars have publicly...

The insurance industry is increasingly wary of the risks presented by climate and natural disasters, prompting major firms to scale back their presence in more vulnerable states. In June, Farmers Insurance announced in a company memo it will no longer write new property insurance policies in Florida, citing “catastrophe costs … at historically high levels.” Earlier in the month, AIG stopped issuing policies along the Sunshine State’s hurricane-vulnerable coastline. Those followed State Farm, California’s largest single homeowners’ insurer, which in May announced a moratorium on new policies in the state, blaming “rapidly growing catastrophe exposure.” The decision came after years...

READ MORE: The insurance on my 2012 Mazda went up 72% to $233 a month!' A prominent insurance provider has aired an ultimatum to the entire state of California. The firm, State Farm General, asked the state’s Department of Insurance Thursday to let them raise residential insurance rates for millions of citizens, or see them move out. The move indicates financial trouble for the insurance giant, which currently covers homes razed by wildfires. State Farm disclosed it is seeking a 30 percent rate hike for homeowners, a 36 percent increase for condo owners, and a 52 percent increase for renters...

State Farm recently requested its largest home insurance rate increase to date, a move that would worsen the insurance crisis in California but also signaled that the company may be in financial trouble. State Farm General, the company’s California subsidiary, recently submitted a request to the California Department of Insurance to raise insurance rates for homeowners, condo owners and renters in the Golden State.

California's insurance commissioner Ricardo Lara spoke out after the state's largest home insurance provider announced that it would discontinue coverage for tens of thousands of policies this summer."This is a real crisis," Commissioner Lara told KABC in an interview Friday.The commissioner said he wants to investigate State Farm's finances, but warned that regulators can't go too far, or else they would risk pushing companies out of California entirely. "Insurance companies are not like utility companies," he told KABC. "By law, they don't have to be here, and when we try to overregulate, we'll see what happened after the Northridge earthquake,...

California's largest insurance company will stop offering insurance to 72,000 homes across the state due to the increased risk of natural disasters and the effects of inflation. Coverage for the 30,000 houses and 42,000 apartments impacted will cease this summer, the Bay Area News Group reported. State Farm General cited soaring costs, the increasing risk of catastrophes like wildfires and outdated regulations as reasons it won´t renew the policies. It comes just months after the insurance giant said it would also stop taking new applications for coverage from homeowners in the state. 'This decision was not made lightly and only...

State Farm plans to not renew roughly 72,000 property and commercial apartment policies in California starting this summer, the company announced Wednesday. About 30,000 of the affected policies will be for homeowner, rental, residential community association and business owner insurance. The other approximately 42,000 will be for commercial apartment policies. ... It was California’s largest property insurer in 2022 ... The decision follows the company’s announcement in May that it would stop accepting new applications for property and business policies. At the time, State Farm cited higher construction costs, a growing risk from catastrophic events, such as wildfires, and challenges...

State Farm and Allstate are no longer accepting applications for new home insurance in California. Existing State Farm and Allstate homeowners insurance customers in the state will retain their coverage. If you need home insurance in California, compare quotes and ensure you have enough disaster coverage.

State Farm said Friday, May 26, that it will stop accepting new applications for property and casualty insurance in California, citing rising construction costs and its “rapidly growing catastrophe exposure.”The policy change for personal and business lines is effective Saturday, May 27, State Farm said. The change does not apply to personal auto insurance or existing home insurance policies in the state.In a statement, the company said it would work with the California Department of Insurance to restore its market capacity in the state.“We take seriously our responsibility to manage risk,” the company wrote. “However, it’s necessary to take these...

The State Farm General Insurance Company will no longer accept new applications for property insurance and other policies in California, citing “historic” increases in construction costs and inflation,” the company said Friday. Beginning Saturday, the Illinois-based insurance group will cease to accept applications for business and personal lines property and casualty insurance. The move doesn’t impact personal vehicle insurance. “State Farm General Insurance Company made this decision due to historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market,” the company said in a release. “The Department of Insurance is focused on the safety...

Late last year we pointed out the fact that auto insurance companies charge parents a higher premium for drivers under 25 yrs old because (accurately) they are not mature & cause the majority of fatal accidents. Yet, a company like StateFarm partners with the very organizations that believe 10 yr olds are mature enough to make a decision to take body-destroying puberty blockers & 15 yr olds can consent to removing healthy body parts & become mutilated, lifelong medical patients. In other words, they charge you more money because your 20 yr old is deemed too immature to be a...

If your Hyundai or Kia uses a physical ignition key, it can be stolen with relative ease. As we've reported, a USB cable is all that's necessary to get away with a new car. It's a costly problem for police in cities such as Columbus, Ohio, and Denver. Insurers in these regions and others have now had enough. Insurance giants State Farm and Progressive are now refusing to insure many vehicles sold by the two Korean auto brands in those cities and others now. In a statement to The Drive, Progressive confirmed that it was no longer issuing new insurance...

I'm leaving State Farm for obvious reasons. I would appreciate non-woke recommendations for the big three: life, home, and auto insurance. Thanks in advance.

Have you ever met a transgender kid? That’s the question The GenderCool Project asks in a national campaign by Swissa Creative. The high-energy 30 second spot features 11 transgender and non-binary kids ages 13 through 17 playing the team sports they love while talking about how participating in sports makes them feel. Known as the GenderCool “Champions”, these young people are at the core of GenderCool, a youth-led, youth-inspired organization with a simple mission: help replace misinformed opinions with positive, powerful experiences meeting transgender and non-binary youth who are thriving